Forecasts of the quarterly real price of oil are routinely used by international organizations and central banks worldwide in assessing the global and domestic economic outlook, yet little is known about how best to generate such forecasts. Our analysis breaks new ground in several dimensions....

Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its impact in the macro economy. As this literature has expanded at a rapid pace, it has become increasingly difficult for mainstream economists to understand the differences between...

Introduction -- Pandemics and Economic Crisis -- Impact of COVID-19 on Global Economy -- Plummeting Oil Prices and Oil Demand -- Major Stock Markets of the World: An Overview -- Literature Review -- Objectives and Methodology of the Study -- Analysis and Findings -- Conclusion.